INSURANCE NEWS
WTW: US Commercial Rates Continue Moderation With 2.5% Increase in Q1
U.S. commercial insurance rates increased 2.5% in the first quarter 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “The first quarter results reflect a continuation of the moderating pricing environment observed over recent quarters,” said Yi …
MFS Collapse Triggers Probe Into Failed UK Lender’s Auditors
The UK’s audit watchdog is probing accountancy firms linked to Market Financial Solutions Ltd., the mortgage lender backed by multiple Wall Street banks that collapsed in February. The Financial Reporting Council has opened investigations into Magus Chartered Accountants and two …
People: Moore Takes Over as President of Independent Agents of Georgia
Robbie Moore, a longtime agent and partner with Legacy Risk Solutions in Augusta, Georgia, has been sworn in as the new president of the Independent Insurance Agents of Georgia. He takes over from Jarrett Bridges, who is with the Higginbotham …
Trump Says US Will Hit Iran ‘Very Hard’ After Tit-for-Tat Strikes
President Donald Trump said on Thursday the United States would hit Iran “very hard tonight” and wanted eventually to take Iran’s oil infrastructure hub Kharg Island, after tit-for-tat strikes in the Gulf that have undermined a shaky ceasefire. Iranian sources …
Nonprofit Hospital Entitled to Liability Cap But Not Immunity, Says NJ Supreme Court
A unanimous New Jersey Supreme Court ruled on June 10 that a federally qualified nonprofit health center that provides healthcare to underserved populations is not entitled to immunity from a patient’s negligence suit under the state’s Charitable Immunity Act (CIA) …
Impeachment Sought on Federal Judge Over Sex in Chambers, Lying to Investigators
Two congressional Republicans from Georgia have introduced impeachment resolutions against a federal judge in Atlanta who was disciplined after an investigation found she had sex with a police officer in her chambers, attended a partisan political event and lied to …
China Evergrande’s Liquidation Prompts Some PwC Partners to Weigh Shielding Assets
The liquidation of China Evergrande Group, the collapsed property developer, is raising concerns among some partners at its former auditor PricewaterhouseCoopers China about the potential impact on their own finances. Several partners at PwC’s Hong Kong and mainland China affiliates …
Indian-Crewed Tanker Hit off Oman in Suspected Third US Strike This Week
India’s shipping ministry said all 20 Indian crew members were safe after a suspected U.S. strike on the asphalt tanker Jalveer off Oman on Thursday following two similar strikes involving Indian crews in the region this week. Three Indian sailors …
Ben & Jerry’s Co-Founder Says Brand Being ‘Destroyed’ by Magnum
The co-founder of Ben & Jerry’s said the ice cream brand’s new owner is in the “process of destroying” the Cherry Garcia maker’s future by stopping it from criticizing US President Donald Trump. Ben Cohen, who started the brand in …
USDOT Rescinds ‘Disparate Impact’ Civil Rights Regulation
The U.S. Transportation Department said Wednesday it is rescinding part of its long-standing civil rights regulations that prohibit conduct that has an unintended “disparate” impact. In April 2025, President Donald Trump ordered federal agencies not to enforce laws that prohibit …
People Moves: Andersen to Lead Nationwide Agribusiness Distribution; Ascot Names Eppers Group Chief Investment Officer; Baron Joins Zurich as US Head of Energy
Andersen named leader of Nationwide Agribusiness Distribution and Underwriting Nationwide named Nick Andersen as the new leader of agribusiness distribution and underwriting, following Dirk Pollitt’s retirement. Effective July 1, Andersen will lead Nationwide’s farm, ranch and commercial agribusiness sales and …
US Derivatives Regulator Maps Out Rules for Soaring Prediction Market Industry
The top U.S. derivatives regulator on Wednesday released new draft regulations governing the burgeoning prediction markets industry, seeking to cement federal oversight over companies that have shot to the forefront of politics and sports betting while presenting new possible avenues …